Skip to main content
No. of Recommendations: 4
What is "wealthy" is like what is "inflation", very dependent on one's expectations and lifestyle.

My older hippie brother might have a net worth around $500k, almost all of it his paid off house that he bought 40 years ago before the local housing boom market. He still "works" puttering around at his church and mowing lawns. I think most of it is to keep social contact. Maybe earns $30k/yr. Does what he wants when he wants. So he could be considered wealthy in many respects.

I'm almost 180 degree different. Net worth approaching 8 figures. Have "mailbox money"* that covers needs and wants. I do what I want when I want. The more traditional picture of wealth.

Different stories same result.

JLC

* dividends and rental property income. Money I get without generating a W2.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.